Blue Reef Group Inc. Acquires Retail Property On Arlington Expressway In Jacksonville For $23.1M

Blue Reef Group Inc., represented by Matthew Moyal of Blue Reef Group Inc., has acquired a retail property located at 9200-9398 Arlington Expressway in Jacksonville. The property spans across 17 acres and has a total square footage of 220,000. The sale was completed on July 28, 2022, for a total price of $23,100,000, resulting in a price per square foot of $105. The seller, Mishorim Gold, facilitated the transaction.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $23,100,000
• Address: 9200-9398 Arlington Expressway
• Market: Jacksonville
• Total Acres: 17
• Buyer: Blue Reef Group Inc. - Matthew Moyal
• Seller: Mishorim Gold
• Lender: Standard Insurance Co
• Square Footage: 220,000
• Price per Square Foot: $105

The deal was financed by Standard Insurance Co. and Matthew Moyal of Blue Reef Group Inc. represented the buyer, Blue Reef Group Inc., in the transaction.